Indian Politics & Wine

"Among cynics, HL Mencken (1880-1956) holds pride of place in my opinion. In his judgment, democracy is the art and science of running the circus from the monkey cage," said economist Atanu Dey in the Indian blog were referring to in yesterday's issue.

"A handful of members of parliament (MP) were caught taking bribes in a sting operation by a website called Cobrapost. Report of politicians taking bribes is as astonishingly novel as the news that bears do potty in the woods, or that Michael Jackson is weird. They are a seriously depraved lot (the politicians, not the bears) and it would appear that that level of depravity is not just mandatory but required. In India, real politicians are thugs and crooks. Those who are not are mere amateurs who don't belong among the professionals. So Cobraposts revelations that MPs have accepted bribes to ask questions in the parliament is not news, merely detail.

"What really astonishes is the reaction of the MPs to being caught red-handed... It takes a peculiar sort of brazenness to then claim that the media is at fault and is responsible for diminishing the stature of the House. And the action to be taken? Why, bar reporters from the Central Hall of the Parliament! That is what one MP recommended. And I suppose if we totally ban the reporting of any crimes committed by politicians in the country, the country will truly prosper.

"In the [United States], I had heard of cases of perverted justice. For instance, a burglar while burgling, fell through the sky-light and hurt himself and then successfully sued the building owner for negligence...The stuff of urban legends.

"But to actually read about something as perverse in the newspapers totally baffles me. Which planet do these monkeys come from? I had heard that the Parliament was a circus, but I did not realize that it is also a loony bin. Have these people no shame?

"Some time ago, I had proposed public flogging as a mechanism designed to fix some of the problems that plague India. That needs rethinking because public flogging may be too good for some of these critters."

While on te subject of India, a reader complains that we didn't give Indian wine a fair test:

"According to Kapil Grover, director of the Bangalore-based Grover Vineyards, exports are on an upswing for the last few years - especially to Europe - including France, the motherland of wines.

"Grover Vineyards, which has been exporting 240,000-300,00 bottles a year, is expecting a 15% rise in its overseas sales this year.

"Though all the three major wine manufacturers in India - Champagne Indage, Sula and Grover Vineyards - have been in the world market with their premium brands for quite some time, the recent rating of Grover Vineyards' premier red wine, La Reserve, as one of the top-ranking brands in the world market by the Decanter magazine has really put India in one of the top slots in the global soft liquor market.

"Grover's La Reserve, was rated the 'best new world red' compared to five major global brands from France, Germany, New Zealand and Spain, and has been recognized as a very good-quality wine consisting of 80% Cabernet Sauvignon and 20% Syrah grapes. The wine is grown in the Nandi Hills outside Bangalore by the world's prestigious wine magazine.

"After computer software and pharmaceutical services, it is now the turn of the Indian wine industry to pitch for a sizeable global share."

VN:F [1.7.5_995]
Rating: 0.0/10 (0 votes cast)
VN:F [1.7.5_995]
Rating: 0 (from 0 votes)

P.S. to get The Daily Reckoning direct to your inbox sign up to our free e-mail newsletter or if you prefer to use RSS, subscribe to the Daily Reckoning RSS feed.

Related Articles:

  • None Found

About the Author

Bill BonnerBest-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.

See All Posts by This Author

There Is 1 Response So Far. »

  1. Your website is absolutely perfect in terms of figures of the indian economy and its existence and way of functioning. well this is what we indians,who are abroad know and want to let many people know that still back in our country, we have the so called a bunch of bears who feel themselves, capable enough of running an economy, which is supposed to be rules by people of ideologies similar to John Howard, Tony blair etc. thanks you.

    UN:F [1.7.5_995]
    Rating: 0.0/5 (0 votes cast)
    UN:F [1.7.5_995]
    Rating: 0 (from 0 votes)

Post a Response

Comment moderation policy: Port Phillip Publishing supports free speech and frank and open conversation. But we reserve the right to modify or delete your comments if we consider them to be offensive or in violation of any laws, including Australia's anti-discrimination laws

By submitting your comment you agree to adhere to our comment policy.


© Copyright The Daily Reckoning Australia & Port Phillip Publishing Pty LTD 2010 All rights reserved.

Port Phillip Publishing Pty Ltd holds an Australian Financial Services License: 323 988. View our Financial Services Guide.

ACN: 117 765 009 ABN: 33 117 765 009

Port Phillip Publishing
Attn: Daily Reckoning Australia
PO Box 899
Braeside
VIC 3195

Tel: 1300 667 481
Fax: (03) 9558 2219